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Dutta, Jayasri; Prasad, Kislaya - Society for Computational Economics - SCE - 2001

We evaluate the stability of risk-sharing contracts in the presence of moral hazard. Contracts are rules for sharing output among producers and affect the extent of private investments in production. Organizations, which are identified with the contracts they offer, compete for membership....

Persistent link: https://www.econbiz.de/10005132862

Occupational Choice under Risk in an Overlapping Generations Economy with Monopolistic Competition

Clemens, Christiane - Society for Computational Economics - SCE - 2003

Persistent link: https://www.econbiz.de/10005345640

An agent-based model of information contagion in a network of consumers

Castaldi, Carolina; Alkemade, Floortje - Society for Computational Economics - SCE - 2003

Persistent link: https://www.econbiz.de/10005537804

The Monopolist's Market with Discrete Choices and Network Externality Revisited: Small-Worlds, Phase Transition and Avalanches in an ACE Framework

Phan, Denis; Pajot, Stephane; Nadal, Jean-Pierre - Society for Computational Economics - SCE - 2003

Persistent link: https://www.econbiz.de/10005706790

The continuous time random walk formalism in financial markets

Masoliver, Jaume; Montero, Miquel; Perello, Josep - Society for Computational Economics - SCE

We adapt the continuous time random walk (CTRW) formalism to describe the asset price evolution. We show some of the problems that can be treated using this approach. We basically focus on two aspects: (i) the derivation of the price distribution from high-frequency data; and (ii) the inverse...

Persistent link: https://www.econbiz.de/10005706837

A quantum model of organizations: Formation and decision-making

Lawless, W.F. - Society for Computational Economics - SCE

To address how systems of computational agents, working alone, in teams, or with humans, can cooperate to solve problems and advance technology more autonomously than the current generation of remotely controlled unmanned systems, it is increasingly clear that a revolution in computing...

Persistent link: https://www.econbiz.de/10005132929

Predatory Governance

Kadyrzhanova, Dalida - Society for Computational Economics - SCE - 2005

This paper argues that imperfect corporate control is a determinant of market structure. We integrate a widely accepted version of the separation of ownership and control -- Jensen's (1986) 'empire-building' hypothesis -- into a dynamic oligopoly model. Our main observation is that, due to...

Persistent link: https://www.econbiz.de/10005170567

Competing or Colluding in a Stochastic Environment

Breccia, Adriana; Salgado-Banda, Hector - Society for Computational Economics - SCE - 2006

This paper analyses collusion by innovative firms and the role of patents in a continuous-time real options framework. A patent-investment race model is formulated in which innovative firms bargain and reach collusive agreements. It is shown that, while collusion always delays innovation, it...

Persistent link: https://www.econbiz.de/10005706181

Adaptive Innovation and Decision Aids

Norman, A.; Hood, K.; Folmer, A.; Hite, N.; Jindal, M.; … - Society for Computational Economics - SCE - 2002

Persistent link: https://www.econbiz.de/10005345424

Estimation of Poorly-Measured Service-Industry Output

Chen, Baoline - Society for Computational Economics - SCE - 2001

. The method is based on an estimated dynamic adjustment cost model of a representative firm of the industry being studied …. The firm in the model maximizes expected present value of profits subject to a production function and laws of motion of … decision rules of the representative firm. The firm's decision rules, production constraints, and laws of motion, and the …

Persistent link: https://www.econbiz.de/10005345611